Financial Digest

Banking App Kidnapping: Criminals Hold Victims Ransom for Their Banking Apps

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Crime News

Banking App,Kidnapping,Crime

Breaking local news in Empangeni

This is the latest crime trend in South Africa, which sees criminals holding people to ransom for their banking apps.

A spokesperson from Standard Bank said there are various syndicates operating, and they have specific targets, with business owners being heavily impacted, although some attacks appear more opportunistic. In almost all cases, password protection, biometrics and other security measures have proven ineffective.

 

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